Retail Space with Commercial
For Sale
Contact for pricing
136 Territorial Road, Benton Harbor, MI 49022
Open-plan retail suite with two restrooms, a commercial kitchen, and customer parking.
Property Size3,600 SF
Price / SF$0.00
Days on Market48
Property Features for 136 Territorial Road
General Information
Standard status
Active
Size
3,600 SF
Site & Location
Traffic Count
12,000 vehicles/day
Highway Access
Yes
Amenities
open floor plan
public restroom
private restroom
new LED lighting
Listing Agency:
Keller Williams Realty Swm
(269) 982-7653
Listed By:
Dan Morissette · License #6501295859
(269) 449-4198
Source:
Corneliusteam
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 4 at 12:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Swm
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Investment Insights
Based on property information with market context.
This approximately 3,600 SF retail space features an open floor plan, one public restroom, one private restroom, and a commercial kitchen. New LED lighting and parking on both sides of the building add practical functionality for retail, restaurant, or office use.
The property is positioned in the Arts District just off Main Street / Business Loop 94, with daily traffic of more than 12,000 cars. It also offers access to Business Loop I-94 and is within blocks of several major local companies, including Whirlpool Corporation's Riverview Campus. Harbor Shores Golf Course, Saint Joseph, and Lake Michigan are in close proximity.
The property is positioned in the Arts District just off Main Street / Business Loop 94, with daily traffic of more than 12,000 cars. It also offers access to Business Loop I-94 and is within blocks of several major local companies, including Whirlpool Corporation's Riverview Campus. Harbor Shores Golf Course, Saint Joseph, and Lake Michigan are in close proximity.
Key Highlights
- Approximately 3,600 SF retail space
- Commercial kitchen with new LED lighting
- Open floor plan with one public and one private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,371
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,420
$747.4K
Cap Rate 7%
$533,871
$533.9K
Cap Rate 9%
$415,233
$415.2K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$55.7K $15.48/SF
− Vacancy
−$2.3K −$0.65/SF
EGI
$53.4K $14.83/SF
− OpEx
−$16.0K −$4.45/SF
NOI
$37.4K $10.38/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,420
Cap Rate 7%
$533,871
Cap Rate 9%
$415,233
Alternative Uses
Best Use
Specialty Retail
$572.0K
$500.5K – $667.4K
NOI $40,041 @ 7.0% cap · market cap 500,512.50%
Second Best
Retail
$533.9K
$467.1K – $622.9K
NOI $37,371 @ 7.0% cap · market cap 467,137.50%
Theoretical Best
Office A
$757.5K
$662.8K – $883.8K
NOI $53,027 @ 7.0% cap · market cap 662,837.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 49022, MI
30,143
Population
14,484
Households
2.1
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
67.3 sq mi
ZIP Area
448
Density / Sq Mi
$39,859
Median Household Income
$29,530
Median Earnings
$797
Median Rent
$140,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan retail suite with two restrooms, a commercial kitchen, and customer parking.
Where is this retail space located?
The property is located at 136 Territorial Road Benton Harbor, MI.
What are key features of this property?
This property features: Approximately 3,600 SF retail space; Commercial kitchen with new LED lighting; Open floor plan with one public and one private restroom
